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PeakSpan led a $55m Series B round in ServiceUp.

Synopsis

PeakSpan, a venture capital firm, led a $55m Series B round in ServiceUp, a car repair and maintenance service provider, with participation from Hearst Ventures, Trestle Partners, Capital Midwest Fund and Litquidity Ventures. "Auto repair has remained one of the last great black boxes in the modern economy — fragmented, opaque, and bogged down by outdated workflows and siloed point solutions. It is a system that frustrates fleet operators, drains productivity, and kills margin for insurers and service providers. ServiceUp is dismantling that model. They have built the first truly intelligence-driven system of engagement for the automotive repair space — redefining how the entire ecosystem connects, communicates and operates," Jack Freeman, PeakSpan Capital Partner.

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